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. but you're quite right that many scientists have been very cautious and science has a cautious culture. you could almost say a conservative culture. their peer review process discourages them from even thinking about going out on a limb. and so they -- they are inherently cautious and conservative. but the evidence is now so overwhelming. you know, in the last ten years you showed some of the statistics but there there's an analysis of the extreme hot temperatures on the surface of the earth. they're now 100 times more common than they were just 30 years ago. and it is these extremely hot temperatures that are responsible for the increased evaporation, the increased water vapor in the air the increased drought. and remember this is hardly the only climate related disaster that we've had this year. 65% of the united states has been affected by a very widespread and extreme drought this year. food prices have been affected. much of the west, including the epic fire in colorado springs was on fire this summer
watched for any science of depreciation following that meeting. let's have a look at the currency levels on the screen. 79.76 to 79 and the euro yen 102.94 to 99. the yen really is going to be closelywatcd. >> what's the latest on the earnings stream? >> a lot of earnings. we've been focused on export relates. july to september group net profits showed a small gain due to fixed income trading. it's going through severe cost cutting measures as well as internal management infrastructure and losses to investment banki structure. still a lot of folks on the alle details. just checking the price action today it's up 3%. markets taking it as a bit of a positive. back to you. >> thanks. people running japan's local governments may so beurning out their pockets for loose ange afterational government officials say they will postpone the payment of tax grants. the move comes as it looks increasingly unlikely to pass a bill to issue deficit covering bonds. the main opposition parties are against it. the bonds are necessary to implement the budget. government officials say they could run out of mon
is where science meets community. our team does really cutting edge research on different kinds of prevention strategies, pre-exposure prophylaxis. and if you go to our website, join prep hiv, you'll see all of the many exciting studies that we have as well as our partnership with san francisco city clinic in launching the first demonstration project of pre-exposure prophylaxis, taking antihiv medicines to prevent new infections. we're studying topical gels, retro microbicide. the way we're going to end this epidemic is through a vaccine, we've controlled other infectious diseases through a cure. we're proud of our staff who contribute to this as well as the many study participants. and i'm just going to close with a quick word about the project. the way that this project came about was actually one of our staff members, janey vincent who is our graphic designer, you'll see some of her beautiful work inside, noticed that there was -- she's hiding. (applause) >> she noticed that president obama had designated part of his stimulus money to nih for the national institutes of health
. no science about the workout, no science about breathing. they're just saying it's anti-christian. let me tell you something in my opinion it is a constitutionally unhinged argument. there is no basis. you know what, i spent time in federal court getting restraining orders under the first amendment. let them take it into federal court. the federal judge is not going to grant a restraining order. it is not anti-christian, it is not prose la tizing. it is absolutely proper for these 5500 kids to be exposed to this physical workout. >> richard, why now after three years and like a half million dollar grant to keep this program going? >> yeah. i respectfully disagree with my dear friend, avery, on this one. whenever you're using public funds in public schools, you cannot, you cannot force children to take any sort of religious activity. and be in this particular case -- >> isn't that -- is this a religious activity or is this exercise? >> the allegation. >> thank you. that's the point. >> in the course of the exercising, what they are teaching is eastern hinduism. the poses are out of respect
to study. math and science. and english. exactly, yeah. i did not go to university, but being able to help them, i feel excited. >> i am going to be an accountant. >> i'm going to be a lawyer. >> and i'm going to be a nurse. >> the work that we're doing here is bringing change. >>> if there is one good thing about this storm it's that you can get evacuation information, all kinds of information through a lot of different sources. i'm going to tell you how you can do that online. we're downstairs in the cnn newsline. usually not that busy on a sunday night. we brought some people in. tom, one of the managers, and devon, i'm sorry, i had your e-mail up on the air. now he's getting random e-mails from everywhere. stop e-mailing devon. you can get information from tv news conferences, twitter feeds. we want to go to cnn's lori sau segall standing by for us in new york. >> reporter: a lot of people going to nyc.gov. i would say go to wnyc, this is important if you're in the new york area, in the northeast region, you can really look at the different zones. see what zone you're in. i went to it
in science, technology, engineering and math. what would you suggest be done to produce more graduates in those areas? >> moderator: this will go first to mr. howell. howell: this is right up my alley, val. i love technology. i think this is the greatest thing. we have to start in preschool. we have to emphasize that science, technology, engineering, math are key to growing our economy. but i'd also add in the a word, and that's art. you know, at ibm some of our very finest software developers that create the apps that we all use are very, very culturally-aware, and they're the artsy ones. but they take the science and technology. we've got to invest in beginning in preschool and going all the way through k-12. from the federal government, no child left behind left everyone behind. we need to take those dollars and reinvest them back into our education system near utah today. >> moderator: senator hatch. hatch: there's a lot of what scott said here is true, and i appreciate him saying it. and we in utah are known for one of the best software valleys in the country. i'm the republican h
'll send it back to youm. >> thank you, lara. >>> back out to sam, walk me through the science here, how long could they be on alert in hawaii? >> dan, first of all, as soon as that earthquake happened, knowing that it's 7.7, they did all of the right things. they put the warnings out, thinking that may this would be a bad run of waves. evacuating those lower levels of hawaii were a very good idea. so, you e initially think that first wave would run away from that, remember, this is a subsiding zone, one plate is underneath another plate. a little wave or two and one or two, three, in this case four waves went out and went toward hawaii and down the coast of california as well. now, normally, you would look for the bigger waves and the bigger tsunami problems, at an 58 or 9, they did the absolute right thing by getting those sirens out. these waves have been traveling, like two to four feet in many locations, you can't give everyone the all-clear until the entire system said that the water has traveled. until the buoys have said it's all calm you can't give the all clear. there may be mo
people so they can get decent jobs and start growing again. to invest in science and technology and research. that's a better economic plan than one more round of tax cuts spending by a 22% cut on on education, science, and technology. it is bad for youngstown state, and obama's plan is better for the future of america. obama's education plan is better for the future of america. he is committed to hiring 100,00 0 new science, technology, and math teachers. committed to cutting the rate of inflation of college costs in half and to the student loan reform program, the single most important thing nobdody knows about. this alone justifies his reelection if you believe in the future. the old student loan system worked like -- the federal government paid the banks to make loands and guaranteed 93% of the loans. the new system -- under that old system, it meant we dropeped to 16th in the world in college degrees. a perscription for disaster. almost every job is created by someone with a degree. we can't afford to be 16th in the world. so what did the president and congress do? what did
financial crisis. he has worked to develop new systems and data visualization tools with social science analysis. his writing has appeared in "the wall street journal." it is my pleasure to welcome to the state chair dr. kim. [applause] >> take you for your kind introduction. but the korean economic institute is honored to be a co- sponsor of this panel of the united states current and past assistant secretaries of state for east asian affairs. i can think of no better partners than the amend school of foreign services and the president and georgetown university to share this platform to explore the future of the united states policies in the asia-pacific. i think that that 21st century will be seen as the asia-pacific century. much of the economic dynamism and grit will emerge from this region. many of the toughest gruel challenges as well. the rise of china, the prospects of asian economic integration, and the scurvy problems on the korean peninsula. u.s. leadership and continuous engagement in this region will be critical in these and many more issues ahead. as the president of the e
science guy. i have to tell you, michael bloomberg is an opportunist. you violated the new york city charter by running for a third term as mayor. we are in a very dire state here and i wish republicans run the country would offer us new york republicans help and an opportunity to really balance out the political system here. host: thank you for the call this morning. if a time for a few more calls. all weekend long we will be featuring the history and literary life of vermont capital city with a population of just about 8000 people. the smallest united states state capitol. here is the mayor talking about the city. [video clip] >> it is the smallest state capital and america. in terms of vermont, we have the largest historic district in the state. it is a very historic community, founded in 1791. it is run to about 20,000 during the day. largely because of the jobs that are here, the center of commerce and the area. we are fortunate here that we are somewhat insulated from a lot of the trends that occurred nationally. our economy is pretty stable because we rely on the state as a pr
and write a political science book and i would go down and live by angie in florida. it is the case that for better than 30 years, it was not just republican and democrat. i suspect the point of this question is that it is grassley and harkin. is safe and fair to say that they both represent the core beliefs of their two parties. this is what we call a truce wednesday. that is how this state operates. -- this is a true swing state. it is not the case when barack obama wins these electoral votes, this will not turn i will blue. -- i know what will not turn blue. his victory will ensure a retention and expansion of the state senate majority which will bring house seats and it is part of a strategy that actually can put us on a possible path to win all four congressional seats. two years from there will be another battle to hold those gains. this is a very independent- minded state. we are not split east and west. it is really in the four corners. they are absolutely the face of this thing. host: barbara, and dependent caller, the morning. -- independent caller. caller: i did not vote
what happens, which isn't rocket science. it's just common sense, from td ameritrade. >> i have your fox business brief. a sea of green down that wall street. a round of better expected reports coupled with strong manufacturing from china are giving market a boost. general motors is up 4.7% from last year while ford sales climbed only four tenths of a percent. ford analyst say that is due in part to hurricane sandy cunning last month sales by 300,000 vehicles. chrysler had its best sales since 2007. the irs is giving taxpayers affected by sandy some extra time to file returns and payments. they have extended the original deadline by one week. that is the latest from the fox business network. giving you the power to prosper. ♪ dagen: we have the latest update to bring it on the number of people who are still without power because of hurricane sandy. 4.6 million are still without power. the upside is at the peak 8.3 million were without power and electricity. almost 3.7 million people have had their power restored. you can look at the hardest hit states there. the number of them stil
with a real understanding of the science of the health impact, that marijuana is it a substance that is dangerous because it's illegal. it is not illegal on account of being dangerous. because it's not dangerous at all. [applause] it is well known that the impacts of marijuana are dangerous because of the illegal drug trade from marijuana drug prohibition. so the most important thing we can do to get rid of the health problems associated with marijuana is to legalize it. and on day one, on day one a president, if she wanted to, could entrust the d.e.a. to oh, to -- could entrust the d.e.a. to do a really radical thing. that would be to use science in determining what substances will and will not be scheduled. because marijuana is on a president, if she wanted to, could entrust the d.e.a. to oh, to -- could entrust the schedule. [applause] anded same goes for -- and the same goes for hemp, which is also a substance for which there are no bad drug effects. there are no bad health and safety effects. yet there are important health benefits. marijuana should be regulated but not in
him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> all right. we continue to watch hurricane sandy. it's roughly about 200 miles off the coast of north carolina, roughly 500 miles from new york city. but places from north carolina all the way up to maine are bracing. in fact, we have a few updates. d.c., federal offices will be closed to the public tomorrow. we already know that washington, d.c., public schools are closed. more on hurricane sandy straight ahead. we know that mass transit from buses in new york will be closed or will shut down starting at 9:00 this evening and 7:00 for the subway system. that's impacting a bunch of people. much more ahead on "newsroom" with don lemon. this is a monster storm that could take many directions stat. states and cities are taking different directions and you can't be complacent. >> it is almost too late. you have been here since 2:00 on the snare. >> yeah, and you have a long haul for the evening. things will be changing on the dime, we know that.
first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. you walk into conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. this is your body there. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep numr we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during our semi-annual sleep sale, save $500 on our classic series special edition bed set-but only while supplies last. sale ends soon! you'll only find the innovative sleep number bed at one of our 400 st
as once predicted. >>> back out to sam, talk us through the science here. how much longer should they be nervous in hawaii? >> good news, dan, is they did everything right here. 7.7 off the western coast of canada, and nothing but open water between it and hawaii. the plate lying underneath it. it creates a wave. in this case, they thought it was four waves. as we have been counting them. they have the tsunami warning center. all of these buoys that are between that coastline and hawaii, they're able to monitor the lift in that water. buoy, as the water comes up, the sensor knows how high wave that is. these waves could have been ablgt-foot waves. the good news is, we have kind of seen those waves move through. more than one. in this case, they're able to see, we feel pretty good about it. if there's not any more activity, people can relax now. and move toward the coastline. but the very good news here, they did everything right. they set off the warnings as soon as there were a 7 or above. at a 7, you still want people to be prepared. you don't know if those waves are going to p
to -- >> i know, but i'm talking about the social yol guests that write articles about science. let's check on the markets. futures are trading, but down about 61 points. half a percentage point for the dow industrials. could i make the point since we'll be looking for things to talk about today, i could make the point that statistics from labor day to the election 90% of the time if the markets up, the incumbent wins. the number of 13,090. so 17 points above where we close the day before labor day. ohio getting much closer apparently. anyway, let's look at the oil board. if you look at the s&p and how it's come down recently, a lot of the risk assets have come down at the same time the s&p has. went up on qe and once revenue started coming in it light or -- >> denniss also pointed out we could see big margin calls. >> take a quick look at currencies. or the ten year. probably down around 1.7% or so on the ten year. guess we'll go to kelly in london. you're back over there. you made it. that's good. >> i was on a flight out saturday night. i i know they started shutting town things on sunda
and i built a solar car that we raced across the united states. this is not rocket science, folks. this industry has been around a long time. it just requires political leadership. political leadership that my opponent is not willing to exercise. >> the political leadership came from the president of the united states. we both agree coal must be part of america's energy future. it is low cost, it is much cleaner than it was 30 years ago, and i am and all the above energy kind of gal. the energy costs about 5 cents a kilowatt hour. currently, solar energy is four or five times that much. if coal is the fuel of the past, reasonably priced electric bills are a thing of the past. i'm going to fight for those jobs and i will fight for low- cost energy. >> ok. that concludes the first half of our debate. we will take a 60-90 second non- commercial break and we'll be right back with you. thank you. [applause] >> we will go ahead and get the second part of the debate started. as i mentioned, the situation will be reversed in terms of the questioning. the first part of the second half of t
for it. we should recruits 100,000 map and science teachers so high- tech jobs -- math and science teachers so high-tech jobs are not created in china but right here in colorado. we should work with community colleges to train another 2 million americans with the skill businesses are looking for now, and that is part of my plan for the future. that is what changes. that is what is at stake in this election. change comes when we live up to america's legacy of innovation, where we make america the next home of scientific discovery when technological breakthroughs. i am proud i met on a mirror -- i'd bet on american ingenuity, and we are not just building cars. we are building better cars that will go twice as far on a gallon of gas. [applause] today there are thousands of workers all across the country. not every technology we bet on will pan out. there is a future for clean energy it in america. i am not going to see the future to another country. i want to create jobs here in america. i want to support the new technologies that will reduce carbon who in our atmosphere, that will ma
, climate change is not even gotten talked about. having all this freakish weather and all the science is so overwhelming about climate, yet you don't see it on the nightly news. is there a story that you wanted to grab of stuff during your tenure at abc in say, we have to cover this war? >> there were several we have had discussions about. actually, one of them was the environment and how we cover the environment. every time we tried to do a prime-time special we would not get a rating, and that led -- one of the chapters are right about this, where i don't come across well, we had leonardo dicaprio at one point, president clinton, and i get killed for it. i did not intend, but we did a prime-time environmental special , and dicaprio was the chairman of earth day that year, and we talk to my that he would make an appearance at the end -- ended up interviewing the president. that was an attempt to try to cover the environment and a serious way and drive an audience. i was concerned, frankly, about our terrorism coverage. we did more than other people did. john miller, our correspondent went
and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> president obama has declared a major disaster for new york city and new jersey after superstorm sandy left 16 dead along the east coast. millions on the east coast left in the dark this morning. an estimated 7.8 million are believed to be without power and experts say it could be several days before it's restored. a huge fire ripped through breezy points in queens destroying 50 homes in one of the most remote neighborhoods. new york city subways remain closed after water poured into the subway systems and tunnels around manhattan. an mta spokesperson called it the worst damage to the subway system in its 108-year history. >>> the storm collapsed a construction crane in manhattan. robert frank is in new york on the scene with the latest. robert? >> reporter: there is some new information. i spoke to the fire chief who came out of the big meeting with the building developer, the engineer, the crane op rater and he said they're at the mercy of the weather. they cannot do
, which isn't rocket science. it's just common sense. from td ameritrade. >>> when you cast your ballot for president, you'll also help shape the financial future of america. ali velshi shines some light on that issue. >> reporter: theoretically, the federal reverse is independent of the president and the executive branch of government. but presidents do appoint the chairman of the fed. so it matters to you and your money who sits in that seat. alan blind ser a professor of economics at princeton university. he's a former federal reverse vice chairman. thank you for joining us. it's good to see you. let's talk about ben bernanke's fed. does it have more of an influence on this economy -- on our markets and the economy than the fed's mission would dictate that it has? >> well, that's a hard question to answer because the fed's mission is to promote maximum employment and stable prices. as you just said, the inflation rate's been very stable over the bernanke era, as it was in the later part of the greenspan era. the fed has been working overtime, so to speak, both figuratively and litera
. number three -- a little can go a long way. >> what subjects do you need to learn, math and science and english! >> i feel excited. >> i'm going to be an accountant. >> i'm going to be a lawyer. >> the world that you're bringing here is bringing change. >>> back to politics. nine days out here before the presidential election. i want to share some important numbers here when it comes to the race. let's begin in virginia. you know the deal. this is one of the key swing states we've been watching. so this new "washington post" poll shows president obama with a four-point advantage over mitt romney. it's a -- a change certainly over the 1-point lead romney enjoyed there last week. heading northward to pennsylvania, the president has a six-point lead in this new poll from the "philadelphia enquirer." ho romney's gained growned since early -- ground since early october. and finally ohio, ohio, ohio, the mother of the battleground states. the four-point advantage to obama. the latest cnn/orc poll. you have the polls and numbers, but we want to hear directly from the voters. we sent the cn
on on this sunday morning. let's get it back out to sam. sam, talk us through the science here. how much longer should they be nervous in hawaii this morning? >> well, the good news is, dan, that they did everything right here. i mean when you get a 7.7 on the western coast of canada, and you've got nothing but open water between it and hawaii, and this was a subsidence kind of quake, which means the plates are lying underneath each other. the other kicks the plate up. acts like a splash or flipper and creates a wave, if not just one wave, they thought it was four waves or think it's four waves as we've been counting them and have the tsunami warning center. all the buoys mean that those at the coastline are able to monitor the lift in the water, so the buoys got a tail underneath it and the sensor knows how high that wave is. we know they could have been very high. they could have been eight-foot waves but they weren't. anywhere from 6 inches to 2 feet to 4 feet as we've been able to monitor them. the good news. we've seen them move through and usually more than one and been able to watch them
, schools give a break to students who major in math and science and those are most needed for florida's job market and undergrads studying political science, they have fewer job prospects in the state. >> alisyn: lady liberty. >> cool. >> alisyn: the statue's 126 anniversary and the celebration opening up to the public after a year long renovation and 30 million dollar project including remodeling the staircase to make it easier for visitors to climb and to climb, that was tough. and 26,000 more people visit each other. >> you climbed up and only made it up to the commissar i. >> alisyn: i was exhausted. >> clayton: can i get a coffee? and they put an elevator in there for handicapped individual who never before had a chance to go up and see a portion of the statue of liberty. today it could be open until it's closed later today by the federal government because of-- and meanwhile we have been talking over the last month what happened on september 11th of this year in libya. of course, our ambassador, a member of the embassy staff and two former navy seals were killed. jennifer griffin had
behind us is where the real science is going on. this is information that's being gathered, that can only be gathered by flying into the hurricane. this airplane has a doppler radar in the tail. what the doppler's picking up is showing up right here on these screens. they can then build a model of the storm, analyze the data. it gives us a sense if sandy is getting stronger or weaker, if the winds are getting more intense. we're onboard the hurricane hunter, herman. chris van clees, abc 7. >> a bird's-eye view of what is coming. all right. keep it here on abc for continuous coverage of hurricane sandy. all right. keep it here on abc for continuous coverage of hurricane @ >>> this morning on "world news now" -- surviving hurricane sandy. 50 million people are in the path of this super storm. >>> this morning on "world news now" -- surviving hurricane sandy. 50 million people are in the path of this super storm. and forecasters are warning of life-threatening flooding. >> the massive storm is already crippling the northeast and is about to unleash devastating torrential rains on top of trop
to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> one of the biggest storms ever to hit the united states continues to roar across the northeast, bearing fierce wind, pounding rain. the toll so far, 10 deaths along our northeast corridor, massive flooding in coastal towns, major cities, all commercial air and rail travel at a standstill. at least 5 million homes without any power. at this hour, 50 million folks in the storm's path are wondering when will the danger finally be over in i know of no better person to ask than our meteorologist for the latest from the extreme weather center. >> reporter: you know, it will be a couple of days before the threat is completely over. the storm is certainly going to ease in its intensity and the wind field, while it spreads out, the winds will be less intense the next couple of days. but we still have threats. take a look. this storm got down to 940 millibars of pressure, that's the lowest we have ever had, north of cape hatteras, north of that outer point in the outer banks. we have never seen a s
on display today at the california science center in los angeles. some astronauts will be on hand for the grand opening of the new shuttle display. it attracted thousands as it was moved from l.a.x. to the museum this month. it will move to a new week at the museum in five years. >>> 5:26. in the next half hour, sandy of course living up to the hype. >> millions in new york city are left in the dark. we have team coverage on the storm's trail of destruction. >> and as the storm changes, so do flights. what air travelers can expect today. ,,,,,,,,,,,,,,,,,,,,,, millions of people are witht power or mass transit and my areas are floode >>> sandy hammers the east coast leaving destruction in her path. millions
the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade.
science. it's just common sense, from td ameritrade. >>> welcome back. the massive storm has stolen the stage from the presidential electi election, which happens one week from today. john is here with the latest. >> well, the impact today was clear. the president cancelled his campaign events. he monitored from the white house with members of his administration the situation with efforts to recover from the impact of sandy. tomorrow he's going to travel to new jersey and appear with chris christie, the republican governor who said very nice things about his response so far. mitt romney also canceled the political portion of his public events today, although he did appear in ohio at an event to raise funds and supplies for the relief effort for people affected by sandy. the long-term impact, how it's going to affect the vote, is very, very speculative. no one knows. i haven't talked to many political people who think it's going to change many people's votes, but it could disrupt voting in some places and cause polling places to have to move. i'll be very interested to hear what ed r
to motivate us today is to figure out how to leverage the advances in science and medicine directly benefit every person in this world that has a need that can be satisfied, salt, resolved or ameliorated by these advancements, and that's a task that we have in front of us. and why i am interested in being here, why i am participating in this and why there is still a lot of work to be done. now that you are all here no one signs the room without signing a pledge to donate a significant amount of your time, effort and largesse to the cause. you wouldn't be here otherwise. so, let's talk a little bit or think a little bit if i can motivate you to do that about this business of our government and our military capabilities and what they can do. as i mentioned, you saw a little tiny blip in the video. i still believe that the biggest thing and the most powerful thing and fastest thing the military can bring to the table is disaster response. we have the capability to move quickly and to do things to make a difference. however, there are lots of other things we can do and facilitate, and that is o
.i.h., the national science foundation, so i would take issue with the fact that, you know, the republic of texas is making it all on their own. they're getting substantial benefits from federal research and development dollars. which is fine. i don't have any problem with that at all. but to benefit from the oil industry in such a profound way is a unique situation. we don't have that situation every y -- everywhere. but texas does benefit from nasa, from the national science foundation and the national institutes of health. that's helped spur their economy as well. >> congressman, gary on twitter wants me to ask you, why didn't obama stick his neck out for the nonunion workers who lost their peppings in the auto bailout. can you talk that out? >> that's an urban legend. we are working, nart brown and i are working very hard to help the seven or eight splinter unions that didn't end up doing as well as the u.a.w., the iue crferings wa which had contracts essential to the development of the new general motors. but this is not a union-nonunion issue. there were seven or eight different unions that
straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> bob pisani, a big interview with the head of the new york stock exchange with a big opening. bob, take it away. >> the important thing all systems are go, so far. new york stock exchange, nasdaq, everyone saying they are going to be open. joining us on the phone, duncan niederauer, ceo of the new york stock exchange. duncan, good afternoon. >> bob, how are you doing? >> terrific. so it's all systems go? can you walk us through what happened this morning? you gave us an update yesterday. tell us how met with this morning and how you came to the conclusion everything was going to open as normal? >> yeah, sure thing, we appreciate you letting us be on again today, too. so, first of all, we had to make sure we got through the evening and that we got through last night's high tide and this morning's high tide in lower manhattan so we've had people on site throughout the evening. and we got the report this morning that there was no -- there was n
reason. i don't know whether that's because how computer science is conducted in universities or i'm not with larry summers that i think it's all social and not physical. and on the other financial literacy. well, we didn't address that here because we're only looking at earnings and not at income from financial assets. we purposely made that decision to focus on earnings. as it is, that's an issue for the top 20% of the country. 93% of the value of all financial assets, includes pensions and retirement accounts and savings accounts and stocks and bonds all financial assets which is to say that every asset in the economy except homes. that's -- and art and gold or whatever. are held by the top 20% of the country. but financial literacy in the top 20%, i think does have an effect on ultimate in come. would it be a good idea to have greater financial literacy across income distribution? absolutely, and it would be better to figure out a way and there are lots of ways to do it for average people to accumulate assets other than their own homes. >> baby bonds, but that is another subjec
workers better than anybody else in the world. i want to recruit 100,000 new math and science teachers because we know that's an area where we can't afford to fall behind. i want to train 2 million workers at our community colleges for the skills that businesses are hiring for right now. and i want to work with colleges and universities to make sure that tuition does not keep on going up because our young people can't afford the debt that they're taking on. and that's something we can do. number four, my plan will reduce the deficit by $4 trillion over the next ten years in a balanced way. we're going to cut out spending we don't need. we have already cut out a trillion worth of spending. we can do more, but i'm also going to ask the wealthiest americans to pay a little more so we can invest in the research and technology and education that will keep new jobs and businesses coming to america. and under the guise of reducing the deficit, i will never turn medicare into a voucher system because no american should have to spend their golden years at the mercy of an insurance company. and
sandy. superstorm sandy. before we get to the science of the unprecedented storm, which is fascinating, i want you to see a timeline straight from the cameras of our cnn ireporters. take a look. >> no. >> rushing water across the streets. going into homes. nypd is setting up their boat. search and rescue later. evacuation plan a. >> look at the storm from our ireporters. we want to look at what makes sandy so intense. this professor is host of sci-fi science. you say it is a result of several things coming together. >> the hurricane from hell was created by a collision of three large air masses creating e ini animal we have never seen before. we have a hurricane off the coast of florida. then you have the jet stream from the arctic going all the way down to florida, colliding with this hurricane. and then you have another storm coming in from the west. the merger of three large air masses created a new animal, the likes of which we have never seen before. >> it is fascinating because when you look at, oh, it is a cat 1 hurricane, on paper that doesn't look so bad. >> you can't use the
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